Residential Wholesale Mortgage, Inc Privacy Policy

We are strongly committed to your right to privacy and to keep your personal and financial information secure.

Residential Wholesale Mortgage, Inc is strongly committed to your right to privacy and to keeping your personal and financial information secure. To earn your trust and confidence in our commitment, we are fully disclosing our privacy practices. We encourage you to read our policy to understand what types of personally identifiable information we collect and how we use this information to process your requests for Residential Wholesale Mortgage, Inc customized products and services.

What Personally Identifiable Information We Collect and How It Is Used:
Residential Wholesale Mortgage, Inc only collects necessary personally identifiable information in order to respond to your requests for our products and services. Personally identifiable information includes, but is not limited to, first and last name, physical address, zip code, e-mail address, phone number, and any other information that self identifies you or when tied to the above information, may identify you as a specific individual.

Other Information and How It Is Used
Residential Wholesale Mortgage, Inc only collects the necessary general information in order to respond to your requests for our customized products and services. When you visit the Residential Wholesale Mortgage, Inc website, our systems log some basic and anonymous information about your computer for routine web site maintenance, including:

IP address (your computer's unique signature)
Operating system (e.g., Windows XP, Mac)
Browser software (e.g., Microsoft Internet Explorer, Firefox, Safari)

Limiting Use, Disclosure and Retention
Customer information may only be used or disclosed for the purpose for which it was collected unless the customer has otherwise consented, or when it is required or permitted by law. Residential Wholesale Mortgage, Inc will NOT share any borrower loan data with any other mortgage originator/lender or third party unless specifically directed to do so by the user.

Ongoing Improvement and Compliance
In an effort to enhance our website services and ensure compliance with federal and state regulations and internal policies, Residential Wholesale Mortgage, Inc may use outside third parties to perform quality control reviews. By using our website, you consent to our collection and use of your information. Any changes to our policy will be reflected on this page so that you are always aware of the information we collect and how we use it.

European Concerns Increase

Increased concerns about Europe helped mortgage rates improve this week, although the impact of the recently passed extension to the payroll tax reduction is beginning to push up mortgage rates for certain loans (discussed below).

The news from Europe was mostly negative this week. Economic growth in Germany was slower than expected. Negotiations on restructuring Greek debt did not progress as planned, increasing the risk of default. S&P is downgrading the debt of several European countries, including France. Finally, the European Central Bank (ECB) provided no relief, as it gave no indication that it would increase the level of aid available to troubled countries. As a result, investors shifted funds to relatively safer investments, including US mortgage-backed securities (MBS), which helped mortgage rates move lower.

The recently passed extension to the temporary payroll tax reduction contained a lightly publicized revenue raising provision to increase the guarantee fees charged on Fannie Mae and Freddie Mac loans. This fee results in higher rates for borrowers, and mortgage rates for loans not expected to close within the next month or so have begun to reflect this coming increase in guarantee fees.


	800.865.6266

Call 800.865.6266 for current interest rates. Each rate quote we provide is custom & we offer the most competitive products and programs available in the market place when considering your specific situation.

Rates are subject to change.